Many years ago, in February 2015, when the Trans-Pacific Partnership was signed, President Obama said that agreements like this allow us to “write the rules of the road in the 21st century.” But history took another turn when President Trump withdrew from the TPP in his first days in office (which eventually advanced without the United States and became the CPTPP). The Indonesia-Japan Economic Partnership Agreement is a bilateral agreement signed on 20 August 2007 between Indonesia and Japan and has been in force since 1 July 2008. It was Indonesia`s first bilateral free trade agreement, initiated by Japanese Prime Minister Junichiro Koizumi. Since 2013, Indonesia has requested a review of the terms of the agreement and negotiations are under way. Our economic relations with Southeast Asia are strong. For many years, the EU has been the main source of foreign direct investment in ASEAN and one of its main trading partners. We have already concluded important free trade agreements with Singapore and Vietnam, as well as with Japan and Korea, and we are negotiating with several other countries, including Indonesia, Australia and New Zealand. These agreements have helped to maintain trade despite the pandemic, for example by significantly increasing imports of organic chemicals and essential medicines from Singapore. Full multilateral agreements (not listed below) see: List of multilateral free trade agreements. It is a list of free trade agreements between two parties in which each party could be a country (or another customs territory), a trade bloc or an informal group of countries.
Some Europeans may be wondering if we have missed it. Is the European Union weaker because 15 other countries have signed a free trade agreement without us? The answer is no. Just as we believe in free and fair trade and multilateralism to achieve this, we can be pleased if others follow this path to increase their own prosperity. And thanks to the growth of the global economy, the RCEP will help create more – not less – business opportunities with the region, just as our own single market offers them opportunities. As an EU, we tend to have more ambitious free trade agreements with almost all countries in the RCEP agreement. On November 15, 2020, representatives from 15 countries signed a free trade agreement – the Comprehensive Regional Economic Partnership (RCEP) agreement. A trade agreement between Japan and Southeast Asian countries (including Indonesia) was put on the market as the idea of Junichiro Koizumi, then Prime Minister of Japan, during his visit to Jakarta in January 2002, when he informed Indonesian President Megawati Sukarnoputri.  Further talks took place between them when Megawati visited Tokyo in June 2003.  After a brief hiatus following Indonesia`s 2004 presidential elections, in which Megawati was replaced by Susilo Bambang Yudhoyono, the progress of the agreement continued in December 2004, when the two countries agreed to form a “study group” to explore a possible free trade agreement.  The results of the task force were published in May 2005 and recommended that negotiations be conducted in parallel with the Japan-ASEAN agreement.  A joint communiqué following a meeting between Yudhoyono and Koizumi on 2 June 2005 announced the opening of negotiations In November 2006, the two governments announced that an agreement in principle had been reached, although the seventh and final round of negotiations did not take place until June 2007.
 The Japanese cabinet approved the terms of the bilateral agreement on 10 August and the agreement was signed in Jakarta on 20 August 2007.  The contract came into effect on July 1, 2008.  This was the first bilateral free trade agreement in Indonesia.   In all of this, we must remember that we are not closed camps: we act both within and between ourselves, and we have many challenges.